You are here: Forums Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions

BMW X5 Lease Questions

1108 messages,  Last post on Nov 22, 2009 at 6:35 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW X5, Car Leasing, SUV

Messages Page 85 of 112 1 ... 82 83 84 85 86 87 88 ... 112 Prev Next Last

Go To Msg # Search This Discussion

#834 of 1108 Re: Who has the November money factor and residuals for the 2009 X5 please ??? [kinjachris] by billmv Nov 10, 2008 (9:26 am)
Replying to: kinjachris (Nov 10, 2008 12:31 am) Yes. Always use MSRP to calculate the residual dollar amount by multiplying the MSRP by the percentage number.   In three years, say, the vehicle will be worth X, regardless of how good or bad a deal you cut when you "bought" it. If two people buy identical vehicles, and one just pays full MSRP and the other negotiates the pants off the dealer and gets it for $3,000 less, both vehicles will be worth exactly the same at any given future point in time. Assuming of course, that the mileage driven is identical, etc.   The payment will be less for the person who did the best job negotiating the "selling" price, though. If both vehicles have residual values of $35,000 36 months from now, and Buyer A "paid" $57,000 and Buyer B paid $53,000, then those amounts are used to determine the amount of depreciation which goes into each lease payment. Buyer A's monthly depreciation is $611.11. Buyer B's monthly depreciation is $500.00. ($57,000 - $35,000 = $22,000 / 36 = $611.11)   To get the "interest" portion of your payment, just add the cap cost to the residual value and multiply that total by the money factor. ($57,000 + $35,000 = $92,000 x .00150 = $138.00)   Add the depreciation component of $611.11 to the interest component of $138.00 and you come up with your pre-tax payment of $749.11. Add sales tax to $749.11 each month and you have your monthly payment. To the penny.   Hope that helps!
#835 of 1108 Re: X5 Lease Program [kinjachris] by jmcbmw Nov 10, 2008 (5:57 pm)
Replying to: kinjachris (Nov 08, 2008 4:33 pm) The dealer (in Long Beach CA) would not give my friend any clear info on leasing the 2007 X5 they have. Only said it has to be 48 months and were then all over the map with numbers. He walked and quickly. I was working on a 2009 deal that he walked from as well. They woudn't do better than $1600 over invoice which was fine. All they had to do to make the sale was include dealer install Sat radio and they said no. Guess business is booming at BMW!
#836 of 1108 Paying too much? 2008 X5 3.0 in NY by ddiana Nov 12, 2008 (2:25 pm)
i was just quoted on an '08 X5 3.0 (gray w/ black interior) cold weather, premium, ipod, rear climate, premium tech package = $48.6k + taxes. it has 4k miles on it - they say it was driven by the mgr.   lease - 12k miles --> $623/mth with $3,410 down. claims this car is priced at invoice but i havent seen the paperwork yet to confirm. should there be more room in this price considering that it has 4k miles and given the economy is essentially crumbling around us??? if so, what is a fair price where both the dealer and I can walk away satisfied?   thanks for any help . Replies to this message: kinjachris (Nov 12, 2008 6:20 pm)
#837 of 1108 Re: Paying too much? 2008 X5 3.0 in NY [ddiana] by kinjachris Nov 12, 2008 (6:20 pm)
Replying to: ddiana (Nov 12, 2008 2:25 pm) ddiana, they must have a creative version of the word invoice then as a car with 4k miles on it is USED no matter how you look at it. However if you only pay the drive off which is probably around 1400 or so that monthly price rises about $60 and isn't bad for the equipment you are getting as long as your lease doesnt include their mileage as you benefit from less depreciation versus a new one. so in that regard doesnt seem that bad.   As for the guy talking about the Long Beach, CA dealership above, I had the same experience there. Was pulling teeth to get info, very salesy, not at all helpful. Frankly I will be happy if I never step foot on that lot again, just a complete waste, might as well be a ford dealership. Try Irvine. They have an internet dept that I found to be exactly as you would expect to find it. Worth the extra drive from LA.   Maybe we consumers are just missing something. Maybe BMW isn't having any issues at all in the economy and they can keep trying to charge msrp. ha!   As for an earlier post on November money factor. The numbers i quoted are for returning bmw customers. for new customers the money factor was .00190. The rise in the residual number helps tremendously on the lease payment.
#838 of 1108 Releasing an X5 by smilsom Nov 19, 2008 (9:03 am)
I have an 06 X5 3.0 and my lease expires in 2 months. Currently my lease payment is $630/month. Can anyone give me any info on how a release works with BMW Financial Services? I have no problems with the car would just like to drop my payments below $400/month.   How does this work?   Thanks! Replies to this message: billmv (Nov 19, 2008 11:13 am)
#839 of 1108 Re: Releasing an X5 [smilsom] by billmv Nov 19, 2008 (11:13 am)
Replying to: smilsom (Nov 19, 2008 9:03 am) Just call them and talk to a customer service rep. I recently went through the same process. She told me that a re-lease would be quite expensive, and instead offered to sell me my X5 for a discount from the residual value. Then they would finance that amount 100% at a decent interest rate (I think it was 3.9%) for 60 months. I opted not to do that, and gave the vehicle back, but that's how it works.   Make them give you a number to re-lease it, and the assumptions that go into that payment amount. You have to understand how they're getting to their number. If they figure that the new residual value will be quite low, X years out, and they apply a higher money factor to the new lease, then your payment may go up from $630, not down.   It's all in the math.   Good luck.
#840 of 1108 What Should I Pay? by idrum Nov 19, 2008 (9:16 pm)
Looking at '09 X5 3.0. Premium, Cold Weather, Rear Climate, Tech Pkg, Comfort Access, Heads Up, IPOD.   MSRP of $58,475. Quoted sell price of $56,720.75. Edmunds has invoice at $53,675. What do y'all think would be a reasonable sell price?   Also, I plan on leasing - 36 mo/15K miles - was quoted residual of 57% which seems in line, but MF of .00215, which seems high - the forum says it should be .00175.   Lastly, they dont have the car I want. They do have one in dealer search but it doesnt have the Heads Up which I REALLY want. Does ordering give me less negotiating power?   Based on the numbers above, where do you think my final sell price should land and should I expect a lower MF?
#841 of 1108 Has Anyone Ordered a 09 X5? by idrum Nov 19, 2008 (9:21 pm)
I cant seem to locate the car I want with the options - specifically, no one has Heads Up, which I GOTTA have. Since I'll have this car for 3 years on the lease, makes sense to wait the short time to get exactly what I want. The dealer is telling me that, assuming we wrap up the order next week, that I can expect the car in the 4 week time period - so basically around Christmas.   Has anyone ordered one? Any thoughts on experiences/timeline? I dont want that 4 weeks to turn into 3 months of 'where is my car?'   Also, does ordering the vehicle versus purchasing from the lot diminish my negotiating power? Replies to this message: b4z (Nov 20, 2008 6:02 am) eights38 (Nov 20, 2008 6:17 am)
#842 of 1108 Re: Has Anyone Ordered a 09 X5? [idrum] by b4z Nov 20, 2008 (6:02 am)
Replying to: idrum (Nov 19, 2008 9:21 pm) I talked briefly with my BMW salesperson and it seems that taking the .9% for 5 years and doing the balloon seems a better deal and a lower monthly payment than leasing. I'm in the $550 mo. range with $6K down on a 3.0si. I think you guys are coming up with higher lease payments? Replies to this message: eights38 (Nov 20, 2008 6:17 am)
#843 of 1108 Re: Has Anyone Ordered a 09 X5? [b4z] by eights38 Nov 20, 2008 (6:17 am)
Replying to: b4z (Nov 20, 2008 6:02 am) Hi b4z,   The balloon payment financing alternative that you are referencing is quite attractive thanks to the reasonable balloon (residual) and 0.9% interest rate. However, comparing a lease to this balloon payment financing alternative could prove to be a costly mistake, especially in the long-term. In a lease, BMW Financial is carrying the residual risk and is responsible for assuming the lease at lease-end and re-marketing the vehicle in the used car market. With the balloon payment financing alternative, you are responsible for the residual and can either keep the car by paying the balloon or attempt to re-sell the vehicle in the open market with no guarantees.   Depending on your economic and driving situation, I would think twice about balloon payment financing.   Best, Matt eights38gmail.com

Messages Page 85 of 112 1 ... 82 83 84 85 86 87 88 ... 112 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Prices Paid: Buying & Leasing Experiences BMW X5 Lease Questions